Apollo's Co-Head of Corporate Credit John Cortese says to expect $100 trillion in debt financing in the next decade. Cortese also says that 20% of that will be in building out AI digital infrastructure. Cortese speaks with Bloomberg's Dani Burger.
US Treasuries resumed their retreat, lifting the 30-year yield back to its highest since 2002 as climbing oil prices raised concern about faster inflation and more central bank interest-rate increases. Vishal Khanduja, Head of Broad Markets Fixed Income at Morgan Stanley Investment Management, discusses credit spreads and whether or not yields will soon peak.
Apollo is pushing to make private credit more transparent and easier to trade. The firm has now traded more than $35 billion of private credit and is putting daily valuations on an $850 billion portfolio. John Cortese, Co-Head of Corporate Credit at Apollo Asset Management, discusses the effort on Bloomberg Open Interest.
Meta's Muse has topped 6.6 million downloads since its Sept. 8 launch and reached 1.8 million daily active users, as consumers show they're ready to hand over their personal information for a chance at some AI assistance. Seema Shah, VP: Insights at Sensor Tower, discusses the growth of personal AI agents, Zuckerberg's Muse, and the broader AI market.
Elon Musk's SpaceX is in talks with banks and investors to raise $40 billion to buy chips from Nvidia. Sarah Frier has more on "Bloomberg Open Interest."
Simon Leopold, Raymond James equity analyst, sees shares Nvidia rising to $515. The stock is trading near a record high with SpaceX reportedly in talks to raise $40 billion to buy Nvidia chips. Leopold is on "Bloomberg Surveillance."
Mark Cabana, co-head of global rates strategy at BofA Securities, says markets and economies around the world are starting to see the bite of higher rates and that the Federal Reserve needs to keep hikes on the table. He speaks on "Bloomberg Surveillance."
Eric Kutcher, McKinsey & Co. chair of North America, is very bullish on the US economy. He says there will be more jobs in 2035 then there are today. He says artificial intelligence is creating jobs and points out that software developers who help AI write code are in high demand. He appears on "Bloomberg Surveillance."
Ian Bremmer, President and Founder of Eurasia Group, says Republicans will lose control of the US House of Representatives and could also lose the Senate in November's US midterm elections. Bremmer discusses the political risks facing President Donald Trump and the Republican Party as polls show dissatisfaction with Trump's handling of the economy and the Iran war, amid rising fuel prices and low approval ratings. Bremmer spoke to Bloomberg TV's Francine Lacqua on "The Pulse."
Third Coast Bancshares (NASDAQ:TCBX) signed an agreement to acquire Great Plains Bancshares in a $239.6 million all-stock transaction.
Kevin Mahn, President & CIO of Hennion & Walsh Asset Management, joins Bloomberg's Vonnie Quinn on "Bloomberg Brief" to discuss the concentrated gains on the S&P 500 and the AI ecosystem.
International Monetary Fund Managing Director Kristalina Georgieva says governments must act urgently to address challenges from the energy shock, rising interest rates and record debt piles. Increased spending following the Covid-19 pandemic and the wars in Ukraine and Middle East have pushed some nations "out of the safe zone," Georgieva tells Bloomberg Television.
